The Benchmark Index of the Bombay Stock Exchange he Sensex fell 257.62 points or 0.96% to settle at 26,489.56 in theweek under Review , tracking weakness in other global stocksafter the US Federal Reserve (US Fed) hiked interest rate onWednesday, December 14, 2016.US Fed also hinted at a more aggressive pattern of rate increasesnext year. Higher interest rates in the US could result in dollar outflows fromemerging markets towards the US. Selling Domestic market was,however, contained by back-to-back positive data in the domestic economy.Nifty of NSE also fell 122.30 points or 1.48 percent to settle at8,139.45. The BSE Mid-Cap index fell 2.38 percent. The BSE Small-Cap indexfell 1.68 percent. Both these indices underperformed the Sensex.Trading for the week started on a negative note. Banking, telecomand index heavyweights ITC and Infosys led modest-to-strong lossesfor key benchmark indices on Monday, December 12, 2016. BSE Sensex,fell 231.94 points to settle at 26,515.24.Key benchmark indices registered modest gains on Tuesday, December 13, 2016. The Sensex had risen 182.58 points to settle at 26,697.82.Market settled with small losses in a volatile trading session onWednesday, December 14, 2016. The Sensex fell 94.98 points or 0.36%to settle at 26,602.84.Key benchmark indices ended the volatile session with small losseson Thursday, December 15, 2016. The Sensex fell 83.77 points or to settle at 26,519.07.Key benchmark indices registered small losses on Friday,December 16, 2016, tracking lacklustre trading on the European andAsian bourses. BSE Sensex, lost 29.51 points to settle at 26,489.56.MORE UNI JS AW12135
Showing posts with label Bse Stock. Show all posts
Showing posts with label Bse Stock. Show all posts
Saturday, 17 December 2016
Sensex down by 257.62 points on negative global cues
The Benchmark Index of the Bombay Stock Exchange he Sensex fell 257.62 points or 0.96% to settle at 26,489.56 in theweek under Review , tracking weakness in other global stocksafter the US Federal Reserve (US Fed) hiked interest rate onWednesday, December 14, 2016.US Fed also hinted at a more aggressive pattern of rate increasesnext year. Higher interest rates in the US could result in dollar outflows fromemerging markets towards the US. Selling Domestic market was,however, contained by back-to-back positive data in the domestic economy.Nifty of NSE also fell 122.30 points or 1.48 percent to settle at8,139.45. The BSE Mid-Cap index fell 2.38 percent. The BSE Small-Cap indexfell 1.68 percent. Both these indices underperformed the Sensex.Trading for the week started on a negative note. Banking, telecomand index heavyweights ITC and Infosys led modest-to-strong lossesfor key benchmark indices on Monday, December 12, 2016. BSE Sensex,fell 231.94 points to settle at 26,515.24.Key benchmark indices registered modest gains on Tuesday, December 13, 2016. The Sensex had risen 182.58 points to settle at 26,697.82.Market settled with small losses in a volatile trading session onWednesday, December 14, 2016. The Sensex fell 94.98 points or 0.36%to settle at 26,602.84.Key benchmark indices ended the volatile session with small losseson Thursday, December 15, 2016. The Sensex fell 83.77 points or to settle at 26,519.07.Key benchmark indices registered small losses on Friday,December 16, 2016, tracking lacklustre trading on the European andAsian bourses. BSE Sensex, lost 29.51 points to settle at 26,489.56.MORE UNI JS AW12135
Friday, 16 December 2016
RAJASTHAN PETRO SYNTHETICS LTD (506975) Declines -1.33% On
Shares of RAJASTHAN PETRO SYNTHETICS LTD (BOM:506975) last traded at 1.48INR, representing a move of -1.33%, or -0.02INR per share, on volume of shares. After opening the trading day at 0INR, shares of RAJASTHAN PETRO SYNTHETICS LTD traded in a close range. RAJASTHAN PETRO SYNTHETICS LTD currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0INR and high of 4.31INR.
BSE & NSE: Asia’s Leading Stock Exchanges
India is one of the reasons that the Asian economy is immensely growing today. While its corporate sector’ representing about 14% of the national gross domestic product (GDP)’ is far smaller than that of the US’ representing about 70% of the national GDP, India has all the capabilities to remain as competitive as any other economy.
What Drives India’s Economy?
A nation’s equity market is very telling of its own success. In India, it is the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) that do the telling of the country’s economic prowess.
The BSE is the world’s 11th biggest stock exchange and also one of the fastest stock exchanges. As of January 23, 2015, it has a total market capitalization of $1.70 trillion. The BSE has a speed of six microseconds.
The SENSEX 30 is the benchmark index of the BSE. It weighs the 30 best-performing and most actively traded companies on the BSE with a base value of 100. Here, stocks are measured based on depth, floating-stock-adjustment depth, industry representation, liquidity, and market capitalization.
On the other hand, the NSE is owned and operated by the Indian Index Services and Products (IISP), supporting 230,000 terminals nationwide. RAJASTHAN PETRO SYNTHETICS LTD is a stock traded on the Indian stock exchange.
The NIFTY is the benchmark index of the NSE. It weighs the 50 best-performing and most actively traded stocks across 24 sectors on the NSE with a base value of 1,000. Consequently, it is a broader representation of the Indian corporate sector than the SENSEX 30.
Historical Feats
The BSE was established in 1875, bringing Asia its first stock exchange. It is also the first entity to be granted with a permanent acknowledgement under India’s Securities Contract Regulation Act of 1956.
On July 25, 1990, the BSE first reached a four-digit figure. On October 11, 1999, upon the victory of the Bhartiya Janta Party in the General Elections, it first reached the 5,000 mark. On February 6, 2006, it first reached the 10,000 mark. On December 11, 2007, shortly before the 2008 Global Financial Crisis, the BSE first reached the 20,000 mark. On January 21 and 22, 2008, it first lost more than 2,000 points in just two consecutive days.
On March 4, 2015, the BSE first reached the 30,000 mark. On August 24, 2015, it had once again recorded one of its worst sessions, losing 1,741 points after the devaluation of the Yuan. Chinese stocks had also fallen nearly 9% during that day, shaking the entire Asian market. RAJASTHAN PETRO SYNTHETICS LTD has relatively good
Meanwhile, the NSE was established in 1992 as the first stock exchange in India with a fully electronic trading system. It paved way to the Indian equity market eventually embracing an electronic stock exchange platform, which is faster and more convenient’ thereby entirely improving trade and commerce in the
Evidently, the BSE and the NSE are two of the most successful stock exchanges in the world. It goes without saying that investing in India is associated with promising returns. Professional analysts might be interested how this will affect RAJASTHAN PETRO SYNTHETICS LTD.
BSE & NSE: Asia’s Leading Stock Exchanges
India is one of the reasons that the Asian economy is immensely growing today. While its corporate sector’ representing about 14% of the national gross domestic product (GDP)’ is far smaller than that of the US’ representing about 70% of the national GDP, India has all the capabilities to remain as competitive as any other economy.
What Drives India’s Economy?
A nation’s equity market is very telling of its own success. In India, it is the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) that do the telling of the country’s economic prowess.
The BSE is the world’s 11th biggest stock exchange and also one of the fastest stock exchanges. As of January 23, 2015, it has a total market capitalization of $1.70 trillion. The BSE has a speed of six microseconds.
The SENSEX 30 is the benchmark index of the BSE. It weighs the 30 best-performing and most actively traded companies on the BSE with a base value of 100. Here, stocks are measured based on depth, floating-stock-adjustment depth, industry representation, liquidity, and market capitalization.
On the other hand, the NSE is owned and operated by the Indian Index Services and Products (IISP), supporting 230,000 terminals nationwide. RAJASTHAN PETRO SYNTHETICS LTD is a stock traded on the Indian stock exchange.
The NIFTY is the benchmark index of the NSE. It weighs the 50 best-performing and most actively traded stocks across 24 sectors on the NSE with a base value of 1,000. Consequently, it is a broader representation of the Indian corporate sector than the SENSEX 30.
Historical Feats
The BSE was established in 1875, bringing Asia its first stock exchange. It is also the first entity to be granted with a permanent acknowledgement under India’s Securities Contract Regulation Act of 1956.
On July 25, 1990, the BSE first reached a four-digit figure. On October 11, 1999, upon the victory of the Bhartiya Janta Party in the General Elections, it first reached the 5,000 mark. On February 6, 2006, it first reached the 10,000 mark. On December 11, 2007, shortly before the 2008 Global Financial Crisis, the BSE first reached the 20,000 mark. On January 21 and 22, 2008, it first lost more than 2,000 points in just two consecutive days.
On March 4, 2015, the BSE first reached the 30,000 mark. On August 24, 2015, it had once again recorded one of its worst sessions, losing 1,741 points after the devaluation of the Yuan. Chinese stocks had also fallen nearly 9% during that day, shaking the entire Asian market. RAJASTHAN PETRO SYNTHETICS LTD has relatively good
Meanwhile, the NSE was established in 1992 as the first stock exchange in India with a fully electronic trading system. It paved way to the Indian equity market eventually embracing an electronic stock exchange platform, which is faster and more convenient’ thereby entirely improving trade and commerce in the
Evidently, the BSE and the NSE are two of the most successful stock exchanges in the world. It goes without saying that investing in India is associated with promising returns. Professional analysts might be interested how this will affect RAJASTHAN PETRO SYNTHETICS LTD.
Sensex, Nifty tread in red, Auto stocks up
the S&P BSE Sensex is trading at 26,510 down 8 points, while NSE Nifty is trading at 8,146 down 7 points.
Sensex and Nifty have shown volatility throughout the day and has been trading in red, however, the indices didn't lose points drastically. Nifty sectoral indices are mixed wherein Nifty Metals have dipped more than 1%. BSE Midcap and Smallcap are marginally down. Oil marketing companies IOC, HPCL and BPCL shares were down during the afternoon.
In a pressure filled day, the noteworthy stock is Claris Lifesciences Ltd which hit a record high of Rs 430.10, up 20% after the company sold its injectable business to a US healthcare company.
At 2:15 PM, the S&P BSE Sensex is trading at 26510 down 8 points, while NSE Nifty is trading at 8,146 down 7 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
Out of 1882 stocks traded on the NSE, 878 declined, 690 advanced and 314 remained unchanged today.
The BSE Mid-cap Index is trading down 0.17% at 12220.14, whereas BSE Small-cap Index is trading down 0.03% at 12139.75.
Some buying activity is observed in Auto, Consumer Durables, Information Technology, Pharma, while Bank, Metal, Oil & Gas, FMCG, Energy are showing weakness on BSE.
Tata Motors, Eicher Motors, HDFC, Infosys, Infratel, Tata Motor DVR, Powergrid, Zee, Cipla, Reliance are among the gainers, whereas Hindalco, Bharti Airtel, ONGC, Tata Power, ICICI Bank, Axis Bank, BPCL, ACC, Ultratech Cement, Hero Motocorp are losing sheen on NSE.
The INDIA VIX is down 2.89% at 15.20.
Buzzing Stocks:
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.
GE Shipping takes delivery of secondhand Supermax dry bulk carrier.
Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.
Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore, earlier had bagged order worth Rs 900 crore from Maharashtra.
Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.
Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.
Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.
Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.
IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.
Saksoft acquires majority stake in Dreamorbit to strengthen IoT.
Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.
Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
Sensex and Nifty have shown volatility throughout the day and has been trading in red, however, the indices didn't lose points drastically. Nifty sectoral indices are mixed wherein Nifty Metals have dipped more than 1%. BSE Midcap and Smallcap are marginally down. Oil marketing companies IOC, HPCL and BPCL shares were down during the afternoon.
In a pressure filled day, the noteworthy stock is Claris Lifesciences Ltd which hit a record high of Rs 430.10, up 20% after the company sold its injectable business to a US healthcare company.
At 2:15 PM, the S&P BSE Sensex is trading at 26510 down 8 points, while NSE Nifty is trading at 8,146 down 7 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
Out of 1882 stocks traded on the NSE, 878 declined, 690 advanced and 314 remained unchanged today.
The BSE Mid-cap Index is trading down 0.17% at 12220.14, whereas BSE Small-cap Index is trading down 0.03% at 12139.75.Some buying activity is observed in Auto, Consumer Durables, Information Technology, Pharma, while Bank, Metal, Oil & Gas, FMCG, Energy are showing weakness on BSE.
Tata Motors, Eicher Motors, HDFC, Infosys, Infratel, Tata Motor DVR, Powergrid, Zee, Cipla, Reliance are among the gainers, whereas Hindalco, Bharti Airtel, ONGC, Tata Power, ICICI Bank, Axis Bank, BPCL, ACC, Ultratech Cement, Hero Motocorp are losing sheen on NSE.
The INDIA VIX is down 2.89% at 15.20.
Buzzing Stocks:
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.
GE Shipping takes delivery of secondhand Supermax dry bulk carrier.
Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.
Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore, earlier had bagged order worth Rs 900 crore from Maharashtra.
Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.
Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.
Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.
Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.
IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.
Saksoft acquires majority stake in Dreamorbit to strengthen IoT.
Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.
Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
Thursday, 15 December 2016
Nifty, Sensex flat; Pharma, Oil & Gas down
the S&P BSE Sensex is trading at 26524 up 5 points, while NSE Nifty is trading at 8,149 down 3 points.
Asian indices opened flat to positive as most currencies adjusted to the renewed bout of strength in the US$. The US$ now looks very heavily overbought as consensus bullishness makes the gains a one way street which could cap the upside in the near term. Oil rallied marginally as US equities flirted with 19500 before profit booking trimmed the gains. Gold continues to test bear market territory & could well be the casualty asset class for 2017.
China's Shanghai Composite opened at 3,111.51, Hong Kong's Hang Seng opened at 21,996.38, Singapore's Straits Times started at 2,934.29 while Japan's Nikkei 225 opened at 19,438.39.
The US benchmark indices ended on a positive note with key indices gaining more than 0.30%. Following the rate hike announced by the US Federal Reserve's Monetary Policy Commttee, the shares of financial companies gained wherein banks' shares rose the most as they see maximum benefit from a rise in interest rates in the US.
S&P 500 ended at 2262 up 0.39%, Nasdaq Composite closed at 5456 up 0.37% and Dow Jones Industrial Average ended the day at 19852 up 0.30%.
The December futures of Nifty 50 ended at a premium of 19.45 points to the spot index, and open interest in the contract fell 6.0% to 15.58 mn. Post rate hike by the US Fed, it seems interest rates are rising by 75 basis points in 2017 as compared with 50 basis points earlier, which is set to raise the cost of funds for foreign funds who invest in emerging markets like India.
At 09:56 AM, the S&P BSE Sensex is trading at 26524 up 5 points, while NSE Nifty is trading at 8,149 down 3 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.
Out of 1875 stocks traded on the NSE, 552 declined, 880 advanced and 443 remained unchanged today.
The BSE Mid-cap Index is trading up 0.06% at 12247, whereas BSE Small-cap Index is trading up 0.26% at 12175.
Some buying activity is observed in Auto, Conusmer Durables, Information Technology, Telecommunications sectors, while Oil & Gas, Metal, Pharma, Bank, FMCG are showing weakness on BSE.
Tata Motors, Infosys, Bank of Baroda, HDFC, Tata Motor DVR, Zee, NTPC, Maruti, TCS, Infratel are among the gainers, whereas Aurobindo Pharma, Sun Pharma, ONGC, Ultartech Cement, M&M, HCL Tech, Hindalco, Tata Power, ACC, Idea are losing sheen on NSE.
The INDIA VIX is down 2.18% at 15.3.
Buzzing Stocks:
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.
GE Shipping takes delivery of secondhand Supermax dry bulk carrier.
Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.
Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore.
Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.
Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.
Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.
Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.
IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.
Saksoft acquires majority stake in Dreamorbit to strengthen IoT.
Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.
Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
Asian indices opened flat to positive as most currencies adjusted to the renewed bout of strength in the US$. The US$ now looks very heavily overbought as consensus bullishness makes the gains a one way street which could cap the upside in the near term. Oil rallied marginally as US equities flirted with 19500 before profit booking trimmed the gains. Gold continues to test bear market territory & could well be the casualty asset class for 2017.
China's Shanghai Composite opened at 3,111.51, Hong Kong's Hang Seng opened at 21,996.38, Singapore's Straits Times started at 2,934.29 while Japan's Nikkei 225 opened at 19,438.39.
The US benchmark indices ended on a positive note with key indices gaining more than 0.30%. Following the rate hike announced by the US Federal Reserve's Monetary Policy Commttee, the shares of financial companies gained wherein banks' shares rose the most as they see maximum benefit from a rise in interest rates in the US.
S&P 500 ended at 2262 up 0.39%, Nasdaq Composite closed at 5456 up 0.37% and Dow Jones Industrial Average ended the day at 19852 up 0.30%.
The December futures of Nifty 50 ended at a premium of 19.45 points to the spot index, and open interest in the contract fell 6.0% to 15.58 mn. Post rate hike by the US Fed, it seems interest rates are rising by 75 basis points in 2017 as compared with 50 basis points earlier, which is set to raise the cost of funds for foreign funds who invest in emerging markets like India.
At 09:56 AM, the S&P BSE Sensex is trading at 26524 up 5 points, while NSE Nifty is trading at 8,149 down 3 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.
Out of 1875 stocks traded on the NSE, 552 declined, 880 advanced and 443 remained unchanged today.
The BSE Mid-cap Index is trading up 0.06% at 12247, whereas BSE Small-cap Index is trading up 0.26% at 12175.
Some buying activity is observed in Auto, Conusmer Durables, Information Technology, Telecommunications sectors, while Oil & Gas, Metal, Pharma, Bank, FMCG are showing weakness on BSE.
Tata Motors, Infosys, Bank of Baroda, HDFC, Tata Motor DVR, Zee, NTPC, Maruti, TCS, Infratel are among the gainers, whereas Aurobindo Pharma, Sun Pharma, ONGC, Ultartech Cement, M&M, HCL Tech, Hindalco, Tata Power, ACC, Idea are losing sheen on NSE.
The INDIA VIX is down 2.18% at 15.3.
Buzzing Stocks:
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.
GE Shipping takes delivery of secondhand Supermax dry bulk carrier.
Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.
Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore.
Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.
Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.
Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.
Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.
IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.
Saksoft acquires majority stake in Dreamorbit to strengthen IoT.
Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.
Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
Wednesday, 14 December 2016
Sensex, Nifty regain, IT stocks up
The S&P BSE Sensex is trading at 26666 up 63 points, while NSE Nifty is trading at 8,205 up 23 points.In a positive turn of events, Sensex and Nifty regained back from the losses it made at the start of the market hours and are now trading in green.Asian markets opened weak with the exception of the Japanese 'Nikkei" index which traded higher on the back of a weaker yen. Initial reaction to the Federal Reserve rate hike saw bond yields rise and the US $ get stronger which as a follow through will see most Asian indices trade in the red. Gold prices hit new 1 year lows and oil prices also traded near US $ 50 which should see return of smart money to equity with Asian stocks becoming value picks after the sharp under performance.
After almost ending the markets on a high note, following the hawkish US Fed rate outlook, benchmark indices of the US, ended on a lower note. The US central bank said it now sees interest rates rising by 75 bps in 2017 compared to a hike of 50 bps estimated earlier. The US Federal Reserve raised interest rates for the second time in a decade by 25 bps. S&P 500 ended at 2253.2 down 0.81%, Dow Jones Industrial Average closed at 19792.5 down 0.60% and Nasdaq Composite ended at 5436.6 down 0.50%.
Foreign institutional investors (FII) net sold index futures worth Rs 797.7 million, but bought stock futures worth Rs 1.1 billion on the NSE. FIIs net sold index options worth Rs 20 billion, while FIIs net sold Indian shares worth Rs 6.3 billion on the BSE, NSE, and Metropolitan Stock Exchange combined. Domestic institutional investors (DII) net bought shares worth Rs 2.1 billion. Following the US Fed rate hike, all Indian ADRs end down 1-3% on Wednesday tracking weakness in US markets. In losing list, HDFC Bank, Sify and Vedanta were the worst performing, paring over 2% each.
At 9:52 AM, the S&P BSE Sensex is trading at 26666 up 63 points, while NSE Nifty is trading at 8,205 up 23 points. A total of 10 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.
Out of 1879 stocks traded on the NSE, 467 declined, 998 advanced and 414 remained unchanged today.
The BSE Mid-cap Index is trading up 0.38% at 12287.50, whereas BSE Small-cap Index is trading up 0.60% at 12190.68.
Some buying activity is observed in Information Technology, Auto, Bank, Telecommunications, Consumer Durables sectors, while Healthcare, FMCG, Basic Materials, Utilities, Power are showing weakness on BSE.
TCS, Adani Ports, Infosys, HCL, M&M, Bajaj Auto, SBI, Bank of Baroda are among the gainers, whereas Sun Pharma, Bharti Airtel, ONGC, Tata Motor DVR, Zee, HUL are losing sheen on NSE.
The INDIA VIX is down 5.99% at 15.5975.
The SGX Nifty 50 December futures were marginally up today.
Buzzing Stocks:
Infosys stocks up +1.53%, Company makes announcement on investment plans in ideaForge.
An overwhelming majority of shareholders of Tata Consultancy Services (TCS) voted to oust Cyrus Mistry as Director from the company’s board at the company’s extraordinary general meeting (EGM) held in Mumbai.
The US drug regulator has flagged serious problems with the testing programmes at drugmaker Sun Pharma's manufacturing facility at Halol.
Bharti Airtel and Vodafone India are pushing ahead the government's broad agenda to move towards cashless economy, at a time when demonetisation has crippled cash payments due to inadequate cash in the system.
Bajaj Electricals has entered into a strategic alliance with the UK-based firm Gooee to create lighting products and solutions on the Internet of Things (IoT) platform.
NTPC has lined up investments worth Rs 26.48 bn for developing three coal blocks in Odisha.
Lupin has received approval from the US health regulator to market its Desoximetasone ointment, used for providing relief from inflammation and itching in a skin disease.
Indian Oil Corp sought up to 80,000t of 40ppm sulphur diesel for delivery in late December.
Welspun India Ltd announced its foray into flooring solutions with an investment of Rs6bn to set up a manufacturing facility for carpets, area rugs and carpet tiles at Anjar in Kutch district of Gujarat.
Wipro chief executive has split the information technology (IT) major's India and Middle East (West Asia) business in two. And, carved a separate hyper automation group by consolidating the Artificial Intelligence (AI) assets such as Holmes that would be headed by its chief technology officer, K R Sanjiv.
NTPC has decided to replace over 25-year-old power plants totaling 11GW capacity in the next five years at an investment of Rs 500 billion.
Monday, 21 November 2016
Nifty below Brexit day low, down 155 points
Live Stock Market Updates - Nifty below Brexit day low, down 155 points
The BSE Mid-cap Index is trading down 2.93% at 11,719, whereas BSE Small-cap Index is trading down 3.19% at 11,490.
The Sensex slipped below the 26,000 level by falling over 300 points in mid-session trade Monday, pulled down mainly by financial stocks.
The Sensex pared gains after rallying as much as 120 points in morning trade on Monday, led by losses for HDFC, Infosys, TCS and Maruti Suzuki. The domestic market fluctuated between gains and losses as energy producers advanced, while automakers and lenders declined.
The Nifty50 reclaimed the 8,100 mark but immediately turned volatile ahead of expiry of November futures & options contracts due on Thursday.
At 3:08 PM, the S&P BSE Sensex is trading at 25,730, down 420 points, while NSE Nifty is trading at 7,9, down 155 points. It is the first time Nifty dropped below 8,000 since June 2016.
The BSE Mid-cap Index is trading down 2.93% at 11,719, whereas BSE Small-cap Index is trading down 3.19% at 11,490.
Holding ground in the gloomy market were WIPRO, INFY, ONGC while POWERGRID, SBI, HDFC bore the brunt through the first hour of trading.
Only IT index is trading in green, while realty, banking, auto, metal, financial and FMCG were in red.
The INDIA VIX is up 6.13% at 18.8975. Out of 1,885 stocks traded on the NSE, 1,384 declined, 226 advanced and 275 remained unchanged today.
A total of three stocks registered a fresh 52-week high in trade today, while 53 stocks touched a new 52-week low on the NSE.
Rashtriya Chemicals & Fertilizers Ltd fell 3% after the company reported a marginal fall in net profit at Rs 43 crore for the quarter ended September 30. Its net profit stood at Rs 45.6 crore in the year-ago period.
Panacea Biotec rallied 2% after the pharma company announce receipt of Establishment Inspection Report (EIR) from the USFDA indicating the formal closure of the cGMP and Pre Approval Inspection conducted by USFDA, at its Oncology Parenteral and Oral Solids Dosage formulation facilities at Malpur, Baddi in Himachal Pradesh.
Cadila Healthcare slipped 1.5%. Zydus Cadila has received the final approval from the USFDA to market for Metronidazole Tablets USP in strengths of 250 mg and 500 mg. The drug which is used to treat infections caused by bacetria will be produced at the group's formulations manufacturing facility at Baddi.
Mawana Sugars soared 12.6% to Rs 48 on the BSE. The Board of Directors of the Company has agreed to sell one of the operating units of the Company viz. Titawi Sugar Complex (TSC) in Uttar Pradesh as a going concern on an 'As is Where is What is' basis to Indian Potash Limited.
Techno Electric & Engineering Company gained 2% after the company has received an approval for sale/disposal of 45 MW Wind Power assets of the company, subject to approval of shareholders and other relevant authorities. The board of director at its meeting held on November 19, 2016 has approved for the same.
HPL Electric & Power hits 10% lower circuit at Rs 91. The company announced that the Company has reduced its debt around Rs 320 crore from IPO proceeds.
Punjab National Bank fell 6.6%. The bank has cut interest rate on fixed deposits by up to 0.25% in line with competition.
India Cements tanked 3%. The company reported a 62% jump in standalone net profit at Rs 62 crore for the quarter ended September 30, 2016. It had posted a net profit of Rs 38.5 crore in the year-ago period.
HDFC and Unitech are trading lower on the BSE. With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).
NHPC dipped 2%. The Company has posted a net profit of Rs 1,554.7 crore for the quarter ended September 30, 2016 where as the same was at Rs 1215.7 crore for the quarter ended September 30, 2015.
NBCC slumped 3.5%. NBCC reported a consolidated net profit of Rs 69 crore against net profit of Rs 68 crore in the corresponding quarter last year.
Bharat Forge tanked 3.5%. The company announced the acquisition of US-based Walker Forge Tennessee, for a total consideration of USD14mn. Bharat Forge has made this acquisition through its US subsidiary.Infosys advanced 0.5%. The IT company has invested Rs 145 mn in a start-up UNSILO. The investment is done through Infosys innovation fund.
Alembic Pharmaceutical is trading marginally higher on the BSE. The company has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Telmisartan and Amlodipine Tablets.
The Sensex slipped below the 26,000 level by falling over 300 points in mid-session trade Monday, pulled down mainly by financial stocks.
The Sensex pared gains after rallying as much as 120 points in morning trade on Monday, led by losses for HDFC, Infosys, TCS and Maruti Suzuki. The domestic market fluctuated between gains and losses as energy producers advanced, while automakers and lenders declined.
The Nifty50 reclaimed the 8,100 mark but immediately turned volatile ahead of expiry of November futures & options contracts due on Thursday.
At 3:08 PM, the S&P BSE Sensex is trading at 25,730, down 420 points, while NSE Nifty is trading at 7,9, down 155 points. It is the first time Nifty dropped below 8,000 since June 2016.
The BSE Mid-cap Index is trading down 2.93% at 11,719, whereas BSE Small-cap Index is trading down 3.19% at 11,490.
Holding ground in the gloomy market were WIPRO, INFY, ONGC while POWERGRID, SBI, HDFC bore the brunt through the first hour of trading.
Only IT index is trading in green, while realty, banking, auto, metal, financial and FMCG were in red.
The INDIA VIX is up 6.13% at 18.8975. Out of 1,885 stocks traded on the NSE, 1,384 declined, 226 advanced and 275 remained unchanged today.
A total of three stocks registered a fresh 52-week high in trade today, while 53 stocks touched a new 52-week low on the NSE.
Rashtriya Chemicals & Fertilizers Ltd fell 3% after the company reported a marginal fall in net profit at Rs 43 crore for the quarter ended September 30. Its net profit stood at Rs 45.6 crore in the year-ago period.
Panacea Biotec rallied 2% after the pharma company announce receipt of Establishment Inspection Report (EIR) from the USFDA indicating the formal closure of the cGMP and Pre Approval Inspection conducted by USFDA, at its Oncology Parenteral and Oral Solids Dosage formulation facilities at Malpur, Baddi in Himachal Pradesh.
Cadila Healthcare slipped 1.5%. Zydus Cadila has received the final approval from the USFDA to market for Metronidazole Tablets USP in strengths of 250 mg and 500 mg. The drug which is used to treat infections caused by bacetria will be produced at the group's formulations manufacturing facility at Baddi.
Mawana Sugars soared 12.6% to Rs 48 on the BSE. The Board of Directors of the Company has agreed to sell one of the operating units of the Company viz. Titawi Sugar Complex (TSC) in Uttar Pradesh as a going concern on an 'As is Where is What is' basis to Indian Potash Limited.
Techno Electric & Engineering Company gained 2% after the company has received an approval for sale/disposal of 45 MW Wind Power assets of the company, subject to approval of shareholders and other relevant authorities. The board of director at its meeting held on November 19, 2016 has approved for the same.
HPL Electric & Power hits 10% lower circuit at Rs 91. The company announced that the Company has reduced its debt around Rs 320 crore from IPO proceeds.
Punjab National Bank fell 6.6%. The bank has cut interest rate on fixed deposits by up to 0.25% in line with competition.
India Cements tanked 3%. The company reported a 62% jump in standalone net profit at Rs 62 crore for the quarter ended September 30, 2016. It had posted a net profit of Rs 38.5 crore in the year-ago period.
HDFC and Unitech are trading lower on the BSE. With Unitech defaulting on loan repayment, housing finance major HDFC said it has sold the realty firm's outstanding loan of Rs 869 crore to JM Financial Asset Reconstruction Company (JMFARC).
NHPC dipped 2%. The Company has posted a net profit of Rs 1,554.7 crore for the quarter ended September 30, 2016 where as the same was at Rs 1215.7 crore for the quarter ended September 30, 2015.
NBCC slumped 3.5%. NBCC reported a consolidated net profit of Rs 69 crore against net profit of Rs 68 crore in the corresponding quarter last year.
Bharat Forge tanked 3.5%. The company announced the acquisition of US-based Walker Forge Tennessee, for a total consideration of USD14mn. Bharat Forge has made this acquisition through its US subsidiary.Infosys advanced 0.5%. The IT company has invested Rs 145 mn in a start-up UNSILO. The investment is done through Infosys innovation fund.
Alembic Pharmaceutical is trading marginally higher on the BSE. The company has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Telmisartan and Amlodipine Tablets.
Saturday, 12 November 2016
Market Review
Trump’s victory demonetises equity positions Market Review
Mumbai, Nov 12 The surprise victory of Republican Donald Trump in the US Presidential election, along with a sudden demonetisation of Rs 500 and Rs 1,000 notes, spooked investors into a selling spree and plunged the key Indian equity markets by more than 1.50 per cent during the just concluded week.
Besides, a weak rupee and lower crude oil prices, combined with the political and economic backlash of the demonetisation move and outflow of foreign funds, dragged the equity markets lower.
The 30-scrip sensitive index (Sensex) of the BSE closed the week’s trade with a loss of 455.33 points or 1.67 per cent to 26,818.82 points.
Similarly, the 51-scrip Nifty of the National Stock Exchange (NSE) receded by 137.45 points or 1.63 per cent to 8,296.30 points.Global stock markets have had a torrid Wednesday given the jitteriness over the outcome of the US election,” D.K. Aggarwal, Chairman and Managing Director, SMC Investments and Advisors, told IANS.
“The victory of Donald Trump took market participants around the world by surprise and sent markets into a tailspin. However, the markets recovered after Trump sounded more presidential in his (post-victory) address to Americans.”
Aggarwal added that the domestic markets tumbled on the Modi government’s move to curb black money.Another major theme last week was the heightened expectations of a possible rate-hike in the US.
A hike can potentially lead foreign portfolio investors (FPI) and funds away from emerging markets such as India. It is also expected to dent the business margins of corporates as access to capital from the US will become more expensive.
“Global markets’ sentiment is negative due to the strong possibility of a rate-hike by the Federal Reserve in December,” stock brokerage firm Angel Broking said in a commentary to IANS.
In addition, profit booking ahead of a long weekend, rupee depreciation and foreign funds outflow extended the falls.
The Indian rupee depreciated by 56 paise to 67.26 against a US dollar from last week’s close of 66.70, as the dollar index gained worldwide.
Friday, 11 November 2016
Sensex falls over 450 points
Live Stock Market Updates - Sensex falls over 450 points; Auto, Banking stocks drag
The BSE Mid-cap Index is trading down 2.99% at 12,545, whereas BSE Small-cap Index is trading down 2.85% at 12,559. The INDIA VIX is up 12.13% at 17.3325. Out of 1,879 stocks traded on the NSE, 1,435 declined, 164 advanced and 280 remained unchanged today.The domestic market opened lower on Friday. The Sensex dropped over 300 points while Nifty slipped below 8,450 mark. There was selling pressure seen in HDFC, ITC and ICICI Bank.
At 1:09 PM, the S&P BSE Sensex is trading at 27,031 down 487 points, while NSE Nifty is trading at 8,382 down 143 points.
The BSE Mid-cap Index is trading down 2.99% at 12,545, whereas BSE Small-cap Index is trading down 2.85% at 12,559.
Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's are among the gainers, whereas HDFC, Asian Paints, Hero MotoCorp, HUL and Tata Motors are losing sheen on NSE.
All sectors are showing weakness on NSE except pharma index in green.
The INDIA VIX is up 12.13% at 17.3325. Out of 1,879 stocks traded on the NSE, 1,435 declined, 164 advanced and 280 remained unchanged today.
A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.
IPCA Lab jumped 2.3% after the company has posted a net profit of Rs 54.9 crore for the quarter ended September 30, 2016 as compared to Rs 12 crore for the quarter ended September 30, 2015.
Capital First dipped 3% after the board approved to issue, offer and alott 47.8 lakh equity shares to Caladium Investment Ptd. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC at a price of Rs 712.70 per share, the company said in its exchange filing.
Jain Irrigation Systems gained 2% after the company reported to Rs 4.7 crore in the quarter ended September 2016 as against net loss of Rs 5.7 crore during the previous quarter ended September 2015.
ONGC ia trading marginally higher on the BSE. ONGC Videsh and Petroleos De Venezuela S.A. (PDVSA) through their relevant subsidiaries signed two definitive agreements for facilitating redevelopment of the San Cristobal joint venture project in Venezuela on 4th November 2016.
BPCL slipped 2%. The company will announce its Q2 numbers today.
Sun Pharma zoomed 4.7% after the company reported an over two-fold jump in its consolidated net profit to Rs 2,235 crore for the September quarter. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of associates and joint ventures of Rs 1,028.8 crore for the same period a year ago.
Tata Chemicals dropped 5%. The company reported a marginal increase in its consolidated net profit at Rs 293 crore for the second quarter of the 2016-17 fiscal, on lower fertiliser sales. Tata Chemicals had posted a net profit of Rs 293 crore in the same quarter of the 2015-16 fiscal.
Bank of Baroda is trading marginally lower. The bank will announce its Q2 numbers today.
Wockhardt tanked 3%. Wockhardt reported net revenue for the quarter declined 13% to Rs 1064.7 cr during the corresponding quarter of previous year. This was inspite of 8% yoy growth in the UK business and 15% yoy growth in domestic business.
Reliance Defence and Engineering slipped 2%. The company’s standalone net loss narrowed to Rs 116 crore for the quarter ended September 30. It had posted a net loss of Rs 170 crore in the July-September period of the previous fiscal.
Andrew Yule soared 12.8%. Andrew Yule reported 79% increase in its standalone net profit at Rs 27.14 crore in the second quarter of 2016-17 on account of higher income. The company had posted a net profit of Rs 15 crore in the year-ago period.
Mahindra and Mahindra fell 2%. The company will announce its Q2 numbers today.
Balmer Lawrie & Co climbed 5.4%. Balmer Lawrie reported a marginal rise of 5.6% in net profit at Rs 27.6 crore for the July-September quarter compared to Rs 26.2 crore in the same quarter of the previous year. The company said its board of directors at a meeting held yesterday, 10 November 2016, recommended 3:1 bonus issue.
Shoppers Stop tanked 4.3%. Shoppers Stop is looking at doubling its mobile application downloads to 2 million and 15 percent sales through its digital touch points by 2020, a senior executive said.
The rupee opened lower at 67.15/$ as against the previous close of 66.62/$. Rupee hits to lowest level since August 29 against Dollar.
At 1:09 PM, the S&P BSE Sensex is trading at 27,031 down 487 points, while NSE Nifty is trading at 8,382 down 143 points.
The BSE Mid-cap Index is trading down 2.99% at 12,545, whereas BSE Small-cap Index is trading down 2.85% at 12,559.
Sun Pharmaceuticals, SBI, Axis Bank and Dr Reddy's are among the gainers, whereas HDFC, Asian Paints, Hero MotoCorp, HUL and Tata Motors are losing sheen on NSE.
All sectors are showing weakness on NSE except pharma index in green.
The INDIA VIX is up 12.13% at 17.3325. Out of 1,879 stocks traded on the NSE, 1,435 declined, 164 advanced and 280 remained unchanged today.
A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.
IPCA Lab jumped 2.3% after the company has posted a net profit of Rs 54.9 crore for the quarter ended September 30, 2016 as compared to Rs 12 crore for the quarter ended September 30, 2015.
Capital First dipped 3% after the board approved to issue, offer and alott 47.8 lakh equity shares to Caladium Investment Ptd. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC at a price of Rs 712.70 per share, the company said in its exchange filing.
Jain Irrigation Systems gained 2% after the company reported to Rs 4.7 crore in the quarter ended September 2016 as against net loss of Rs 5.7 crore during the previous quarter ended September 2015.
ONGC ia trading marginally higher on the BSE. ONGC Videsh and Petroleos De Venezuela S.A. (PDVSA) through their relevant subsidiaries signed two definitive agreements for facilitating redevelopment of the San Cristobal joint venture project in Venezuela on 4th November 2016.
BPCL slipped 2%. The company will announce its Q2 numbers today.
Sun Pharma zoomed 4.7% after the company reported an over two-fold jump in its consolidated net profit to Rs 2,235 crore for the September quarter. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of associates and joint ventures of Rs 1,028.8 crore for the same period a year ago.
Tata Chemicals dropped 5%. The company reported a marginal increase in its consolidated net profit at Rs 293 crore for the second quarter of the 2016-17 fiscal, on lower fertiliser sales. Tata Chemicals had posted a net profit of Rs 293 crore in the same quarter of the 2015-16 fiscal.
Bank of Baroda is trading marginally lower. The bank will announce its Q2 numbers today.
Wockhardt tanked 3%. Wockhardt reported net revenue for the quarter declined 13% to Rs 1064.7 cr during the corresponding quarter of previous year. This was inspite of 8% yoy growth in the UK business and 15% yoy growth in domestic business.
Reliance Defence and Engineering slipped 2%. The company’s standalone net loss narrowed to Rs 116 crore for the quarter ended September 30. It had posted a net loss of Rs 170 crore in the July-September period of the previous fiscal.
Andrew Yule soared 12.8%. Andrew Yule reported 79% increase in its standalone net profit at Rs 27.14 crore in the second quarter of 2016-17 on account of higher income. The company had posted a net profit of Rs 15 crore in the year-ago period.
Mahindra and Mahindra fell 2%. The company will announce its Q2 numbers today.
Balmer Lawrie & Co climbed 5.4%. Balmer Lawrie reported a marginal rise of 5.6% in net profit at Rs 27.6 crore for the July-September quarter compared to Rs 26.2 crore in the same quarter of the previous year. The company said its board of directors at a meeting held yesterday, 10 November 2016, recommended 3:1 bonus issue.
Shoppers Stop tanked 4.3%. Shoppers Stop is looking at doubling its mobile application downloads to 2 million and 15 percent sales through its digital touch points by 2020, a senior executive said.
The rupee opened lower at 67.15/$ as against the previous close of 66.62/$. Rupee hits to lowest level since August 29 against Dollar.
Subscribe to:
Posts (Atom)